Development of the strategic management
The first seed for the development of strategic management:
She was in a field called Business Poolices, which began at Harvard Business School by teaching her students this topic in a case study manner to address problems related to various policies.
(Productivity, marketing, human and financial resources)
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| Strategic management |
Due to the importance of this field, it has become taught in most management colleges in developing countries, especially Arab countries, with the aim of providing students with knowledge about the real problems of business organizations and what are the proposals or hypothetical solutions to address them in light of the rapid developments in the external environment (political, economic, social, technical, legal, governmental, etc.).
Knowledge and familiarity with hypothetical problems and solutions enable students to formulate an appropriate strategy. On this basis, the expansion of organizations in studying and analyzing the macro environment, the industrial environment, and the internal environment allows those organizations to formulate a strategy capable of confronting the challenges that stand in their way and thus achieving their set goals.
The aforementioned field came to be called strategic management, and interest in the subject of strategic management shifted to focus on the level of the organization as a whole.
This prompted universities and management colleges to teach business administration students the concept of the environment, its types, and its effects on business organizations in terms of making their decisions and formulating their mission and goals.
The interest of pioneers and researchers in the impact of environmental factors on the organization as a whole led to the term business policy being replaced by the term strategic management.
